What's happening to the SET today? Down a lot

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AyG
Crazy Mango Extraordinaire

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What's happening to the SET today? Down a lot Apr 6, 2016 11:55:57 GMT 7

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Post by AyG on Apr 6, 2016 11:55:57 GMT 7

Just noticed that currently the SET 50 is down 2.57% and the SET itself down 1.91%. Those are quite big swings. Haven't seen any news that I can hang these swings on. Any thoughts, anyone?

Incidentally, it's a Thailand-only thing. Other Asian markets are broadly up.

You can check the current situation (15 minute delay) at www.bloomberg.com/markets/stocks/world-indexes/asia-pacific

Fletchsmile
Wizard

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What's happening to the SET today? Down a lot Apr 6, 2016 17:38:01 GMT 7

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Post by Fletchsmile on Apr 6, 2016 17:38:01 GMT 7

Today's a holiday so those are yesterday's close. Lot of other markets down yesterday as well. eg Tokyo, Sydney, Europe, US.

Market had been pushing higher without much to justify it, so a pullback was on the cards. SET is still up around 6% or so on the year. Had a nice day yesterday on option trading and closed out some of the calls that I'd sold at higher levels. Rest I'll let run for now, as I can't see myself having to pay out on them by end June.

Fletchsmile, 13th of the Istari wizards - Wandered Middle Earth for centuries and chose Thailand.
Later discovered BigMango forum Thailand: bigmango.boards.net/ and www.bigmango.club
"Do not meddle in the affairs of wizards, for they are subtle and quick to anger" (LOTR)

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